Ajay and Ashish contribute ₹ 1,00,000 each to run a charitable clinic. Should they enter into a Partnership Deed?
Ajay and Ashish contribute ₹ 1,00,000 each to run a charitable clinic. Should they enter into a Partnership Deed?
Anurag Pathak Changed status to publish April 9, 2023
No, there is no need to enter into Partnership Deed because the activities are not in the nature of business but charity. Thus, an essential component of business that it should be carried on with the purpose to earn profits, does not exist.
Anurag Pathak Changed status to publish April 9, 2023
